Mizuho Lowers Ann Price Target to $40.00 (ANN)
Stock analysts at Mizuho lowered their price target on shares of Ann (NYSE:ANN) from $48.00 to $40.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock. Mizuho’s price target suggests a potential upside of 9.08% from the company’s current price.
A number of other firms have also recently commented on ANN. Analysts at Telsey Advisory Group raised their price target on shares of Ann from $41.00 to $46.00 in a research note on Monday, June 2nd. They now have a “not rated” rating on the stock. Analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Ann in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Ann has a consensus rating of “Hold” and an average target price of $40.10.
Ann (NYSE:ANN) traded up 1.80% during mid-day trading on Friday, hitting $36.67. The stock had a trading volume of 912,351 shares. Ann has a one year low of $30.71 and a one year high of $43.61. The stock’s 50-day moving average is $39.12 and its 200-day moving average is $38.06. The company has a market cap of $1.681 billion and a P/E ratio of 19.42.
Ann (NYSE:ANN) last announced its earnings results on Friday, May 30th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.20. The company had revenue of $590.60 million for the quarter, compared to the consensus estimate of $598.25 million. During the same quarter last year, the company posted $0.44 earnings per share. Ann’s revenue was up 2.8% compared to the same quarter last year. Analysts expect that Ann will post $2.15 EPS for the current fiscal year.
ANN INC., through its wholly owned subsidiaries, is a specialty retailer of women’s apparel, shoes and accessories sold primarily under the Ann Taylor and LOFT brands.
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